The highest risk today for employers to hire and retain top technical talent is their compensation package. It is common for employers to base hiring salaries and increases on performance. This has been the case for many, many years. This method does not work in today’s high technology world and companies are considering changing to a market-based approach. Hiring top technical talent requires companies to make starting compensation packages commiserate with market wages to be competitive. Retaining the talent requires a market-based approach as well. Continue reading →